Tuesday, September 2 2014 10:22 AM EDT2014-09-02 14:22:40 GMT
U.S. military forces attacked the Islamic extremist al-Shabab network in an operation in Somalia on Monday, the Pentagon said, in a strike a Somali official said targeted the group's fugitive leader.Full Story >
Al-Shabab's top leader was traveling in one of two vehicles hit Monday night by a U.S. military strike, a member of the Somali Islamic extremist group said Tuesday.Full Story >
Tuesday, September 2 2014 10:01 AM EDT2014-09-02 14:01:35 GMT
A spokesman says more than 30 teens escaped from a Nashville youth detention center and 17 are still being sought.Full Story >
Thirty-two teens escaped from a Nashville youth detention center by crawling under a weak spot in a fence late Monday, and 10 of them were still on the run Tuesday, a spokesman said.Full Story >
Calgary, AB / ACCESSWIRE / May 8, 2014 / CanAm Coal Corp. (COE TSX-V) (CanAm” or the “Company”) is providing an update on its proposed financing. As previously announced, CanAm has engaged Richardson GMP Limited to act as agent with respect to a proposed “commercially reasonable efforts” $14 million private placement of units, each unit comprised of $1,000 principal amount of 12% non-convertible secured debentures and 670 common share purchase warrants.
The proposed financing is progressing well and the Company is planning to close the private placement on or before May 16, 2014. The main purpose of the private placement is to repay its 10% and 9.5% debentures. The 10% debenture matured today and the 9.5% debentures mature on May 9, 2014. Under the 10% and 9.5% debentures, the Company has 21 business day and 10 business day cure periods respectively to repay the 10% and 9.5% debentures upon maturity and intends to make repayment (including interest accruing to the date of repayment) prior to expiry of these cure periods.
It is anticipated that insiders and close associates will participate in the new debenture for approximately $4 to $4.5 million with insiders representing approximately $2.7 million.
Closing of the private placement is subject to receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Advisory Respecting Forward-Looking Statements:
This news release contains certain “forward-looking information and statements” within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends”, “confident”, “might” and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining to: the terms of the Offering and the Units to be issued thereunder; the anticipated closing date of the Offering; the amount of proceeds from the Offering; and the use of the proceeds from the Offering. Various assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this news release.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management’s current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Company. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the information is of a preliminary nature and may be subject to further adjustment; failure of the proposed Offering to proceed on the terms agreed to; failure to obtain the required approvals for the Offering; the failure to sell all Units offered pursuant to the Offering; failure to convert the required amount of debentures pursuant to the terms of the U.S. debt facility; as well as those factors discussed in or referred to under the heading “Risk and Uncertainties” in the Company’s Management’s Discussion & Analysis dated November 26, 2013 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.
The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.
Monday, September 1 2014 12:29 PM EDT2014-09-01 16:29:04 GMT
Dozens of celebrity photos, including some alleged images of actress Jennifer Lawrence nude, began spreading all over the Internet on Sunday evening. Find out how to keep your photos secure here.Full Story >
Dozens of celebrity photos, including some alleged images of actress Jennifer Lawrence nude, began spreading all over the Internet on Sunday evening. Find out how to keep your photos secure here. Full Story >
Friday, July 18 2014 3:26 PM EDT2014-07-18 19:26:33 GMT
It's been an extremely difficult day for family and friends as well as officers. So many people were crying, upset as the body of 5-year-old Janaya Thompson was removed from an abandoned trailer.Full Story >
It's been an extremely difficult day for family and friends as well as officers. So many people were crying, upset as the body of 5-year-old Janaya Thompson was removed from an abandoned trailer. Coroner Gary Hargrove said Janaya's body was found in a bathroom.Full Story >
Monday, September 1 2014 10:17 PM EDT2014-09-02 02:17:32 GMT
A part-time computer science UC Professor is missing and his family is desperate to find him. Kentucky State Police says no one has seen or heard from Randy Russ since Aug. 17.Full Story >
A UC Professor is missing and his family is desperate to find him. Kentucky State Police says no one has seen or heard from Randy Russ since Aug. 17 Russ is a part-time computer science professor at UC.Full Story >
Tuesday, September 2 2014 12:29 AM EDT2014-09-02 04:29:46 GMT
McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize...Full Story >
McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the...Full Story >
Friday, July 18 2014 6:53 AM EDT2014-07-18 10:53:02 GMT
"This tragedy has rocked the foundation of our community." With those words, Gulfport Mayor Billy Hewes said what so many were feeling Thursday as news broke about the death of Janaya Thompson.Full Story >
"This tragedy has rocked the foundation of our community." With those words, Gulfport Mayor Billy Hewes said what so many in Gulfport and on the entire Gulf Coast were feeling Thursday as news broke about the death of 5-year-old Janaya Thompson.Full Story >
Thursday, August 21 2014 11:59 AM EDT2014-08-21 15:59:09 GMT
A car smashed into the side of a hearse during a funeral procession Wednesday, knocking it on its side. The crash happened early Wednesday afternoon in Colerain Township. A funeral procession was headedFull Story >
A car smashed into the side of a hearse during a funeral procession Wednesday, knocking it on its side.Full Story >